Finance

With 11 states and the District of Columbia now legalizing recreational marijuana, and 33 states legalizing other forms, the slogan “this Bud’s for you” may take on a completely new meaning, as beer providers expand into the cannabis market.

Statewide sales of legal marijuana totaled $19.7 million in the first 12 days, officials said.

High Times announced it will open two flagship retail stores offering cannabis under dispensary licenses, giving the strongest brand in the marijuana industry a new engine of growth as it prepares for a public listing.

Colorado marijuana dispensaries have set a new sales record for the sixth consecutive year, according to the state Department of Revenue.

A state-best $9.8 million in marijuana tax revenue was collected by Nevada in October, according to the Nevada Department of Taxation, which regulates the industry.

Banks are in the business of making money, and the medical marijuana industry is expected to generate a lot of it.

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